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Oct 30, 2012
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superstorm sandy it dumping snow on the west virginia region. we have a few updates on o openings to report. the federal agencies in washington, d.c. are now open. employees are still being allowed to telecommute. as we've been reporting, the nyse and nasdaq listen open for trading tomorrow. we're just getting word from the imex that it will reopen tomorrow as well provided the city lifts e orders for zone "a." mayor bloomberg not giving a timeline for restoration due to considerable flooding and damage. early inspections reveal that the storm, quote, devastated the new jersey transit's operation and infrastructure. however, washington, d.c.'s mass transit system is restoring. boston's service has already been resumed. maria. >> what an unbelievable impact. thank you. parts of atlantic city, new jersey jersey, are still under water that the hour. kayla is here with that angle. over to you. >> well, maria, all is quiet in atlantic city as of right now despite being the bull's eye yesterday evening. the majority of shore county still remains evacu
superstorm sandy it dumping snow on the west virginia region. we have a few updates on o openings to report. the federal agencies in washington, d.c. are now open. employees are still being allowed to telecommute. as we've been reporting, the nyse and nasdaq listen open for trading tomorrow. we're just getting word from the imex that it will reopen tomorrow as well provided the city lifts e orders for zone "a." mayor bloomberg not giving a timeline for restoration due to considerable...
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Oct 31, 2012
10/12
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superstorm sandy is winding down, but the effects linger. i'm larry kudlow, this is a special edition of "the kudlow report." sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the
superstorm sandy is winding down, but the effects linger. i'm larry kudlow, this is a special edition of "the kudlow report." sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to...
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Oct 31, 2012
10/12
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. >>> a name moving in superstorm sandy's wake -- saying that five times fast -- michelle caruso-cabrera probably can. >> intuitive that home depot would be the best performing mover. hasn't been able to trade for two days, plus decent housing data as well. a gain of a buck 54 to 61.58. scott, back to you. >> guys, have you missed your opportunity on home depot? we've been talking about it now for the better part of the week. >> i agree with what simon said. i think these obvious trades are johnny come lately trades at this point. >> home depot up 2.5%, it's really already made the move. i think you're saiding yourself up for rf tdisappointment. on the flip side, you possibly want to get into some of the superiority and casualty insurers like chu about ub, i think they're good buys on the sell-off. >> what about lowe's or any of those related names? >> i'm going to take the other side. i think home depot, if you're playing it for a trade, sure, you don't want to chase it up 2%, but the real play in hon depot is the recovery in the housing market. that hasn't stopped. if anything, you kno
. >>> a name moving in superstorm sandy's wake -- saying that five times fast -- michelle caruso-cabrera probably can. >> intuitive that home depot would be the best performing mover. hasn't been able to trade for two days, plus decent housing data as well. a gain of a buck 54 to 61.58. scott, back to you. >> guys, have you missed your opportunity on home depot? we've been talking about it now for the better part of the week. >> i agree with what simon said. i think...
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Nov 2, 2012
11/12
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who should pay for superstorm sandy's mass destruction? states or the federal government? president obama's encouraging fema to pick up the entire tab. what about local officials who really know their areas best? the full story coming up next. president obama: there's just no quit in america... and you're seeing that right now. over five million new jobs. exports up forty one percent. home values... rising. our auto industry... back. and our heroes are coming home. we're not there yet, but we've made real progress and the... last thing we should do is turn back now. here's my plan for the next four years: making education and training a national priority; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking f
who should pay for superstorm sandy's mass destruction? states or the federal government? president obama's encouraging fema to pick up the entire tab. what about local officials who really know their areas best? the full story coming up next. president obama: there's just no quit in america... and you're seeing that right now. over five million new jobs. exports up forty one percent. home values... rising. our auto industry... back. and our heroes are coming home. we're not there yet, but...
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Nov 1, 2012
11/12
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we talk jobs report and superstorm sandy with donald trump straight ahead. >>> and maria means business. two major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup system. well, green mountain is going to be the official producer of costco's k-cups, which do sell most likely for a lot less than some of the other brand numbers. they got a six-week high off that news. still having a good day, nonetheless. back to you. >> all right, bertha. thank you so much. big rally headed into the close here. about 45 minutes left. let's take a look at where we stand with a market that's up in the triple digits. volume on a light -- well, it's mediocre right now, bill. i was surprised at volume yesterday headed into the close. things definitely picked up at the end of the day. >> as you would imagine at th
we talk jobs report and superstorm sandy with donald trump straight ahead. >>> and maria means business. two major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup...
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Nov 2, 2012
11/12
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superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for those folks this weekend with cold weather forecast to move into the northeast. new jersey remains the hardest hit state accounting for more than 1.5 million of the outages. as gas stations come back online pressure at the pump should start to ease. the drivers are still battling two-hour linds lines. con edison says most manhattan residents will have power restored saturday. commuters can expect more traffic jams as hov restrictions in place. the holland tunnel is open at this hour but only to buses. the mta is getting more subway service up and running today and the northeast corrido
superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for...
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Oct 30, 2012
10/12
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sandy. now, the wrath of sandy has left more than 30 people dead that number has been rising, unfortunately. it may still rise. more than 8.5 million people without electricity, as you said, brian. mass transit system in and around new york city paralyzed and in many cases, guys, still under water. keep in mind it is not just removing the water here, you have electrical components that need to be cleaned before the system can be restored which means, for example the approximately 5.3 million people who use the city's subway system each weekday might have to wait days to be able to commute again. >> the damage we suffered across the city is clearly extensive and it will not be repaired overnight. the two biggest challenges facing our city going forward are getting our mass transit system up and running and restoring power. >> as for the mta officials, the scant worps they have seen in the mta's 180-year history. now for good news you can governor cuomo told thanks jfk could up and running by
sandy. now, the wrath of sandy has left more than 30 people dead that number has been rising, unfortunately. it may still rise. more than 8.5 million people without electricity, as you said, brian. mass transit system in and around new york city paralyzed and in many cases, guys, still under water. keep in mind it is not just removing the water here, you have electrical components that need to be cleaned before the system can be restored which means, for example the approximately 5.3 million...
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Nov 1, 2012
11/12
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we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to the earnings. so we're very pleased with the results, and the fact is as i've said before, the crisis is over. the company's fundamentally very strong. very strong liquidity position and capital position for the company. we're continuing to grow into the future. >> what's your expectation for the next quarter, bob? what will drive business? >> next quarter will be more of what you saw in this quarter. a continued -- we had some minor issues that were with brought up in this quarter where accounting areas were brought up from the past. i don't think those will reoccur. we're going to have
we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to...
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Oct 31, 2012
10/12
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. >> what will the cost of superstorm sandy be to the retailers. great to have you on the show today, mary. stores standing to benefit from potential reconstruction, to what extent is it short lived? it pulls demand forward. >> yes it does. what's going to happen here is that what we would have spent on some of our more discretionary items and fashion items are going to be pushed to more practical items like lumber but also home and garden supplies, things we didn't think about even two weeks ago. so they're going to push those forward and then we have to see after the cleanup what happens with the all important black friday weekend. >> absolutely, talking of all important i believe the first week in november, can account for some retailers revenue up through 20%, right? i would imagine there are a lot of people who can't get out there, as we talked a moment, can't get money from an atm, various difficulties. how much will be lost of that really important week? >> quite honestly if the individuals who are at the heads of government can't say today,
. >> what will the cost of superstorm sandy be to the retailers. great to have you on the show today, mary. stores standing to benefit from potential reconstruction, to what extent is it short lived? it pulls demand forward. >> yes it does. what's going to happen here is that what we would have spent on some of our more discretionary items and fashion items are going to be pushed to more practical items like lumber but also home and garden supplies, things we didn't think about even...
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Oct 30, 2012
10/12
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. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is absolutely gone and you walk all the way up the shoreline and you see the same thing. they do think on the north shore, believe it or not, there's more damage because of the storm surge onisland sound. i talked to bill wilkinson the town supervisor, a retired disney executive who decided to run east hampton and he said the local fishermen told him they have never in their whole lives seen as much water come in as came in yesterday, so it's a big contrast. we have a beautiful ocean, a destroyed coastline on the south shore. on the north shore they're trying to assess the water damag
. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is...
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Oct 30, 2012
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sandy. the year 1888 was the last time the u.s. stock markets were shut for more than one day due to weather. the nyse and nasdaq are hoping to reopen tomorrow, wednesday. a key trading day because it's the last day of the month when traders prays their portfolios. meantime, new york city mayor is set to hold a news conference on sandy 45 minutes from now. we will go to that conference once the mayor begins his remarks. we'll hear from a number of ceos about how sandy has impacted their businesses. the heads of hartford financial and landry is among the top executives who will be joining us over the last few hours. how equity index futures are trading. will cease trading in 15 minutes time. the dow and nasdaq pointing d n down. as for europe, the action dominated by deutsche bank and bp. we do see green arrows across the board with a 1% gain in germany. >> at least 16 deaths blamed on sandy as the storm continues to wreak havoc on the northeast with new york and new jersey dechaired major di
sandy. the year 1888 was the last time the u.s. stock markets were shut for more than one day due to weather. the nyse and nasdaq are hoping to reopen tomorrow, wednesday. a key trading day because it's the last day of the month when traders prays their portfolios. meantime, new york city mayor is set to hold a news conference on sandy 45 minutes from now. we will go to that conference once the mayor begins his remarks. we'll hear from a number of ceos about how sandy has impacted their...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Oct 31, 2012
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but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back, everybody. the u.s. equities futures are predicted higher ahead of a normal resumption of trading. you see the futures are up about a half a percent. s&p futures are even stronger up by .7 of a percent. nasdaq futures up by about half a percent as well. we're trying to figure out what is next for the region that is dealing with cleanup. let's get the forecast from maria la rosa. >> we still have a big area of influence. what you're not seeing is heavy showers and thunderstorms. still
but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice...
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Oct 31, 2012
10/12
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first opportunity to trade the management shake-up. >>> and filling up at the pump, different around sandy's hardest-hit areas. we're looking at the energy trade as the east coast refineries getting up and running. we'll see you in about 15 minutes or so. >> thank you, scott. >>> governor christie is postponing halloween because of the hurricane sandy. he has put off celebrations under monday, november 5th because of unsafe conditions due to the storm. you've got to feel for all the kids in jersey. gary, a lot of people going through hardship. >> the children out by where i am, halloween is the last thing on their mind. getting electricity would be the best trite. >> and that's for homes that -- important to note. >>> the first flight into the newark liberty airport was a fedex plane, landed at 7:12 a.m. fedex is expecting to resume flights today. paul tronsore leads the control center, is in memphis this morning. thank you for taking some time. good to talk with you. >> glad to be here, carl. >> so obviously with airlines, it's about what's in position, what's out of position. you have this
first opportunity to trade the management shake-up. >>> and filling up at the pump, different around sandy's hardest-hit areas. we're looking at the energy trade as the east coast refineries getting up and running. we'll see you in about 15 minutes or so. >> thank you, scott. >>> governor christie is postponing halloween because of the hurricane sandy. he has put off celebrations under monday, november 5th because of unsafe conditions due to the storm. you've got to feel...
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Oct 29, 2012
10/12
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we're tracking the very latest from hurricane sandy as it churns towards the northeast with more than 50 million people in its path. the superstorm now expected to slam into the south central new jersey coast sometime later this evening. power outages expected to be widespread. transit systems from new york to boston already shut down. nearly 8,000 flights canceled thus far. financial markets are closed as well and may very well be dark again tomorrow. in fact, water already moving in to lower manhattan. that's where we find our scott cohn in battery park. scott? >> reporter: hi there, scott. at the moment, it's just sort of a miserable, cloudy, cold, rainy day. and if that were the worst of it, that would be fine. earlier this morning at high tide, as we were standing here at the battery, there was water up to about here coming in from new york harbor. when the storm comes through and you have storm surge on top of that and the full moon, you could be looking at water coming up around here. obviously i would not be able to be standing here. that's what has everyone in manhattan worri
we're tracking the very latest from hurricane sandy as it churns towards the northeast with more than 50 million people in its path. the superstorm now expected to slam into the south central new jersey coast sometime later this evening. power outages expected to be widespread. transit systems from new york to boston already shut down. nearly 8,000 flights canceled thus far. financial markets are closed as well and may very well be dark again tomorrow. in fact, water already moving in to lower...